The Dow Market Happenings For Wednesday, August 27, 2014

Dow stocks at 52 week highs include Home Depot (HD) and Merck (MRK) There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +6 points.

Tuesday, the Dow closed up +29.83 (+0.17%) at 17,106.70.

Year-to-date the Dow is up +3.20%.

Dow stock winners Tuesday included Pfizer (PFE) +1.04% and UnitedHealth (UNH) +1.04%.

Dow stock losers Tuesday included Intel (INTC) -0.37% and (Disney (DIS) -0.12%.

There were 17 Dow stock winners Tuesday.

European stocks are mixed and Asian markets ended mostly higher.

The national average price of gasoline is unchanged at $3.431 per gallon.

Earnings Reports.

There are no Dow stocks set to report earnings in the near term.

Notable earnings reports from Tuesday include:

Best Buy Co. (BBY) reported second quarter EPS of $0.44 on revenue of $8.90 billion, compared to last year’s EPS of $0.32 on revenue of $9.30 billion.

Bank of Nova Scotia (BNS) reported third quarter EPS of $1.85 on revenue of $6.49 billion, compared to last year’s EPS of $1.32 on revenue of $5.60 billion.

Bank of Montreal (BMO) reported third quarter EPS of $1.73 on revenue of $4.22 billion, compared to last year’s EPS of $1.68 on revenue of $4.05 billion.

Sanderson Farms (SAFM) reported third quarter EPS of $3.30 on revenue of $768.40 million, compared to last year’s EPS of $2.95 on revenue of $738.96 million.

Stocks reporting earnings today include:

Brown Forman Corporation (BFB) is expected to report first quarter EPS of $0.72 on revenue of $947.88 million, compared to last year’s EPS of $0.66 on revenue of $896.00 million.

Brown Shoe Company (BWS) is expected to report second quarter EPS of $0.34 on revenue of $637.02 million, compared to last year’s EPS of $0.33 on revenue of $621.71 million.

Seadrill Limited (SDRL) is expected to report second quarter EPS of $0.76 on revenue of $1.31 billion, compared to last year’s EPS of $0.78 on revenue of $1.27 billion.

Tiffany & Co. (TIF) is expected to report second quarter EPS of $0.85 on revenue of $987.86 million, compared to last year’s EPS of $0.83 on revenue of $925.88 million.

Today’s Featured Dow Stock

Pfizer Inc. (PFE)

Pfizer Inc. (PFE) is down -4.64% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +1.4% with purchase sub-index -0.4% and refi sub-index +2.7%.

1030 ET EIA Weekly Petroleum Status Report.

1130 ET Treasury auctions $13 billion 2-year floating-rate notes.

1300 ET Treasury auctions $35 billion 5-year T-notes.

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